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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: JRI who wrote (68356)	2/2/2001 3:35:15 PM
From: Daveyk	Respond to of 99985

FWIW CSCO PnF target 28.Naz would give sell signal with print of 2650 although with that being on low end of bell curve I may personally look for bargains soon.Stops in mind on any trade of course.

To: JRI who wrote (68356)	2/2/2001 8:57:59 PM
From: KevinMark	Respond to of 99985

Yes, I was. There were large blocks on CSCO the other day @ 36 3/8-1/2. I was looking for the Nasdaq to hold 2650, but that's probably not going to happen, due to the close today, the unemployment #'s, and investors worried about CSCO's earnings due out on Tuesday. Par for the course, that MM's would uptick CSCO after some pretty hefty block sells (if indeed they were, which seems to be the case) on it in the range above. Next week will be interesting as investors ponder going long, before CSCO's outlook moving forward. If 2500 doesn't hold, then all bets are off. I really expected more of a short-term rally, before some of the really bad news began to pour in, but it looks as though the unemployment figures today came a little earlier than expected. Next month's figures will be awfully nasty, and coupled with tax-selling, it will be nasty. But, I suspect we will have a decent run before then. If not, then I will be the first to admit that I was wrong. Regards, KM KM